Legal Proceedings Report • Oct 12, 2020
Legal Proceedings Report
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No. 50/12.10.2020
Current report in compliance with the stipulations of the Law no. 24/2017 and of the FSA Regulation no. 5/2018 regarding the supulations of the Law 10. 24/2017 and of the FS .
Regulation no. 5/2018 regarding the Issuers of financial instruments and market operati
Date of report: October 12nd, 2020 Name of issuer: Alro S.A. Headquarters: Slatina, 116 Pitesti Street, Olt County Telephone/ fax number: +40 249 431 901 / +40 249 437 500 Sole registration number at the 7 431 7 140 249 437 300
Trade Register Number at the Trade Register Office: RO 1515374 Trade Register Number: J28/8/1991 The European Unique Identifier (EUID): ROONRCJ28/8/1991 Legal Entity Identifier (LEI): 5493008G6W6SORM2JC98 Subscribed and paid-in share capital: 356,889,567.5 RON Regulated market on which the issued shares are traded: Bucharest Stock Exchange - Premium Tier Category (market symbol: ALR)
The Company announces the investors and the interested public that, regarding the petition for establishing antidumping tariffs for certain aluminium products originated from 18 ountries, including Romania, received by the US Department of Commerce, the preliminary determination of the Department of Commerce is to impose antidumping tariffs against the targeted producers in a range between 1.24 % and 352.71 % .
The petition is filled by the US Aluminium Association and is concerning the aluminium sheets between 0.2 mm and 6.3 mm, made from common alloys (1xxx, 3xxx and 5xxx stien).
In case of the sheets of Romanian origin, produced by Alro S.A., the preliminary antidumping tariff, determined by the US Department of Commerce and applicable immediately, is of 83.94%.
The Company is continuing to considered the petition as unfounded and the calculations which are behind it as erroneous and intends to vigorously defend its position in fract of the American authorities involved.
The Company is informing that the tariffs will not be imposed retroactively and that it is working to mitigate any adverse impact that it might face if the petition is adversely defermined.
We will continue to inform constantly the investors and the public about the development of the events related to this antidumping petition.
Marian-Daniel Năstase President of the Board of Directors
Alro S.A. 116 Pitesti Street Slatina, Romania
Phone: +(40) 249 431 901 Fax: +(40) 249 437 500
Gheorghe Dobra Chief Executive Officer
[email protected] www.alro.ro
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